Altcoin Speculation Peaked With Bitcoin Near $87,000, but Recent Buyers Now Sell at Losses

Brief

By Dextape Desk · November 10, 2026

Altcoin trading had become frothy in September, when total volume across altcoins climbed to roughly four times Bitcoin's volume, according to Glassnode data. By late October, the on-chain analytics firm's lead analyst AntiFragile placed that ratio closer to three times. Short-term holders, defined by Glassnode as anyone who bought coins fewer than 155 days earlier, were losing money on most tokens: about 80% of the more than 300 tracked assets sold at a profit in late September, but only around 12% did by the end of October. Bitcoin dropped roughly 11% from its September peak of $87,100 through November 3, and the period also featured a Binance security breach that the exchange said affected $6.3 billion in assets. Glassnode notes such spikes have often coincided with local Bitcoin tops, though that remains a reading rather than a certainty.

Why it matters: It shows altcoin speculation from September has cooled, with recent buyers across most tokens now exiting at small losses.

Mentioned: Bitcoin, Binance

Summary by Dextape, based on reporting by BeInCrypto. Machine-written from BeInCrypto’s report and checked against it · How Dextape writes